Business
A wonderful serenity has taken possession of my entire soul, like these sweet mornings of spring which I enjoy with my whole heart.
Oil industry players axe capital budgets
The devastating effects of the coronavirus have taken a terrific toll on many local and international firms with their financials...
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22 banks, others record N89bn drop in profit
At least 22 listed companies on the Nigeria Stock Exchange (NSE) recorded a drop in their Profit After Tax (PAT)...
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FG, Lagos unveil smart meters initiative to improve electricity access
In efforts to address the metering gap in Lagos and Nigeria, the Lagos State Government through its Ministry of Energy...
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AIICO Insurance Grows Premium by 26%
AIICO Insurance Plc, said it grew its gross written premium for the second quarter of 2020 by 26 per cent,...
Read moreStock market advances with N40bn gain
The bulls maintained its grip on the market activities following gains recorded majorly by blue chip stocks as investors positioned...
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Trump gives TikTok six weeks to sell US arm
US President Donald Trump gave popular Chinese-owned video app TikTok six weeks to sell its US operations to an American...
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‘Why Shoprite is quitting Nigeria’s retail market’
While the announcement of the imminent exit of South Africa’s retail giant, Shoprite, from Nigeria may have come to many...
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FBN Holdings injects N25b in FirstBank
FBN Holdings Plc has sold its life insurance company and invested the N25 billion (about $66 million) proceeds as equity...
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Nigeria’s oil projects threatened as IOCs suffer $27.8bn loss
Several major oil and gas projects in Nigeria may suffer further delays as international oil companies operating in the country...
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BUA posts N101b half-year result
CEMENT producer BUA Cement, on Monday, announced an impressive 2020 half-year revenue of N101.3 billion and a Profit after Tax...
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Custodian Investment to Acquire 51% Equity Interest in UACN Property
Custodian Investment Plc has signed a binding agreement with UAC of Nigeria Plc to purchase a 51 per cent equity...
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Corporate earnings lift stock market index by 1.09%
Despite the two public holidays declared by the Federal Government to mark the Eid-El-Kabir celebrations, the influx of corporate earnings...
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Marketers stockpile petrol, August price may hit N150/litre
Filling station owners are currently in panic buying mood, as many of them are stockpiling products ahead of the announcement...
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BoI Increases Support for MSMEs to N53bn
In demonstration of its commitment to the development of micro, small and medium scale enterprises (MSMEs) in the country, the...
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Banks raise lending rates to 30%
Banks’ loans to customers were priced between 15.01 per cent and 30.70 per cent in the first quarter of this...
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One year on, multibillion naira goods stuck at Seme border
• Operators, Service Providers Put Daily Losses At Millions Of Dollars • Smuggling Still Rife – Experts • Closure Against ECOWAS...
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Eid-El Kabir: Errors push PoS failed payments to 23%
Many Nigerians experienced declined transactions on Point of Sales terminals all over the country as PoS transactions failure rate hit...
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Multiple taxes, bills choke Nigerians amidst pay cuts, pandemic
Multiple taxation, bill hike and salary cuts are fast becoming the new normal to business owners and workers in Nigeria....
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Many public assets not actively managed — Aganga
A former Minister of Finance, Olusegun Aganga, has said there are so many assets held by different ministries, departments and...
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Banks Squeezed as CBN Shores up Naira
Nigeria’s banks are expected to take a big hit to revenues and face rising borrowing costs this year as the...
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Be patient, pray, Buhari, Saraki tell Nigerians at sallah
President Muhammadu Buhari, yesterday, urged Nigerians to continue to exercise patience in the face of inconveniences created by enforced measures...
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Investors to boost gold trade in Nigeria
The Event Manager, Gold West Africa, Nicole Smith, has said the organisation is working with investors to develop trade in...
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NNPC: no stolen crude oil found in China
THE Nigerian National Petroleum Corporation (NNPC) on Thursrday denied reports (not by The Nation) that its officials sold 48 million...
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FIRS extends returns filing deadline by 7 days
The Federal Inland Revenue Service (FIRS) has extended the deadline for filing of returns in a number of tax categories...
Read moreDormant loans hit N1.2tn as experts differ on plans to debit defaulters
Non Performing Loans (NPLs) have risen to N1.2 trillion as of June 2020, with a N721.3 billion increase since 2015,...
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